As investors, keeping an eye on the news releases of companies you are interested in can be a valuable tool for staying up-to-date on their latest developments. These releases often contain important information regarding a company's financial performance, strategic partnerships, regulatory approvals, product launches, and other factors that can impact their stock price. By paying attention to these announcements, investors can stay informed and make more informed decisions about their investments.
Several OTC stocks released news that may be of interest to investors. Let's take a closer look at four of these companies and the recent developments they've announced.
One company that has recently made headlines is Epazz Inc. (OTC:EPAZ). The company has been making waves in the drone technology industry and has caught the attention of investors looking for growth opportunities in this sector.
Epazz Inc. (OTC:EPAZ) is a mission-critical provider of drone technology, blockchain mobile apps, and cloud-based business software solutions. On April 26, EPAZ announced that ZenaDrone had showcased their ZenaDrone 1000 at the 2023 AERO event in Germany, resulting in multiple demonstrations with NATO partner countries' defense, German law enforcement, and rail lines.
ZenaDrone Germany made its debut at Aero, successfully meeting with top organizations to discuss how their ZenaDrone 1000 technology can help solve issues with railway inspections, decrease the use of helicopters, and provide vital support to NATO troops. During the event, ZenaDrone also met with German UAV regulators to set up beyond-visual-line-of-sight operations in Germany.
ZenaDrone is already ahead of the game in Ireland, where they have applied beyond-visual-line-of-sight operations that meet the standards of the European Union Aviation Safety Agency. Once ZenaDrone receives final approval for beyond-visual-line-of-sight operations in Ireland, they will be approved in Germany within 10 business days. The company will conduct flight demonstrations in northern Germany to let personnel fly the drone themselves and see how it can fit within their operations.
"The ZenaDrone 1000 is a real game-changer in unmanned aerial vehicles. It attracted a sizable crowd during the AERO Convention. We are optimistic for an expanded reach in the EU region," said Shaun Passley, Ph.D., CEO and director of Epazz Inc. and ZenaDrone Inc.
In addition, EPAZ is developing a new container to provide data for the military to transport blood to troops in the field. The container will ensure the blood is safely transported and will transmit all information regarding how the blood was used.
EPAZ is soaring to new heights in the drone technology market, with the recent successes of the innovative ZenaDrone 1000 platform attracting strong interest from various branches of the US military.
In order to meet this rising demand, the company recently released plans to expand its facilities in Dubai, UAE, to keep up with the increasing demand for its cutting-edge drone technology, and is in the process of qualifying for Green UAS certification, a crucial step towards becoming a government provider of drone solutions.
Investors keen on tapping into the burgeoning drone market should keep a close eye on Epazz, The potential for strong revenue growth from the ZenaDrone platform, combined with the expanding commercial drone market, makes Epazz an attractive penny stock for investors seeking substantial potential returns.
GBT Technologies, Inc. (OTC:GTCH) is a company in the development stage that focuses on the development of technologies related to the Internet of Things (IoT), artificial intelligence (AI), and mobile technology platforms that enhance integrated circuit (IC) performance. The company's goal is to provide innovative and advanced technology solutions to its customers and to establish itself as a leader in the fields of IoT, AI, and mobile technology.
On April 26, GBT Technologies provided an update on its intellectual properties portfolio and other news. The company is focusing on its core competency in research and development by growing a targeted technology IP portfolio that includes patents, trade secrets, and prototypes. GBT currently holds 14 patents and has 25 submissions in domains such as asset tracking, semiconductor design, EDA software tools, cyber security, pattern recognition, tele-health, AI, computer vision systems, IoT, mesh networks, and radio networks.
GBT has been working to expand its IP portfolio and develop new ideas and successful patents since it switched to an IP business model over two years ago. In the first quarter of 2023, GBT added another four approved patents to its growing IP portfolio.
The company has received positive industry feedback and plans to continue expanding its patent family while focusing on strategic partnerships. GBT aims to integrate its technologies into a broad marketplace, diversifying its risk within all these areas.
SMC Entertainment, Inc. (OTC:SMCE) is an incubator company focused on the acquisition and support of commercialized financial services and technology (Fintech) companies. As an incubator, SMC's goal is to identify promising fintech companies and provide them with the resources and support they need to succeed.
On April 25, SMCE announced that its audited financial statements for fiscal years 2021 and 2022 had been completed and released. The company has hired a securities attorney to assist with the preparation and filing of the necessary documentation to achieve reporting issuer status, as defined by the Securities and Exchange Commission (SEC), as part of its plans to uplist to a senior exchange.
Additionally, to better align with its focus on the fintech sector, the company intends to undertake corporate actions to change its name and ticker symbol. These changes are intended to reflect the company's strategic direction and its commitment to pursuing opportunities in the fintech space.
"This is an important step and milestone for SMC," stated CEO Erik Blum. "Management continues to execute on its plans to move forward. SMC will be changing its name and ticker symbol to better reflect our new identity. We expect to file Form 10 quickly and begin the up-listing process as soon as possible."
Artificial Intelligence Technology Solutions, Inc. (OTC:AITX) is a forward-thinking company that offers AI-driven robotic security solutions through its subsidiary, Robotic Assistance Devices, Inc. (RAD). RAD provides cost-effective alternatives to traditional manned security models, saving businesses up to 80%. RAD develops all of its advanced robotic solutions, including AI-based analytics and software platforms, in-house.
On April 25, AITX announced that their subsidiary RAD had received an order for four ROSA security robots from a major business alliance group in a prominent US city.
The end-user client is a non-profit organization that is dedicated to creating a safer and cleaner environment for everyone who lives, works, plays, or visits the metropolitan area's downtown district. The mission of the nonprofit is to attract residents, employers, and investment opportunities to the city.
The initial deployment of the four ROSA security devices will be in one of the downtown areas' popular outdoor-seating restaurant districts. These robots offer programmable messaging, both visual and audible, and will be used to communicate with patrons. For instance, at the end of the evening, when the restaurants are about to close, the ROSAs will autonomously initiate a persuasive "it's time to go home" message while continuing their security and safety post orders.
With a sales pipeline of more than 35 Fortune 500 companies and other potential clients, RAD is positioned for significant growth and recurring revenue as it converts existing sales opportunities into deployed clients. By offering solutions-as-a-service, RAD can provide scalable and flexible options to meet the needs of businesses of all sizes.
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